657 Shares in Aon plc (NYSE:AON) Purchased by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD bought a new stake in shares of Aon plc (NYSE:AON) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 657 shares of the financial services provider’s stock, valued at approximately $193,000.

Other large investors have also modified their holdings of the company. Gryphon Financial Partners LLC grew its position in shares of AON by 262.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,127 shares of the financial services provider’s stock worth $1,181,000 after buying an additional 2,989 shares during the last quarter. California State Teachers Retirement System increased its position in shares of AON by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 331,760 shares of the financial services provider’s stock worth $96,549,000 after purchasing an additional 4,843 shares in the last quarter. Radnor Capital Management LLC lifted its holdings in shares of AON by 203.6% during the 1st quarter. Radnor Capital Management LLC now owns 6,290 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 4,218 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of AON in the 2nd quarter worth $31,000. Finally, Norden Group LLC acquired a new position in AON during the 1st quarter valued at about $2,044,000. Institutional investors own 86.14% of the company’s stock.

AON Trading Down 0.1 %

Shares of NYSE:AON opened at $347.85 on Monday. The company has a market capitalization of $75.63 billion, a PE ratio of 27.26, a PEG ratio of 2.24 and a beta of 0.92. Aon plc has a 12-month low of $268.06 and a 12-month high of $352.49. The business has a 50 day moving average of $325.51 and a two-hundred day moving average of $310.19. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92.

AON (NYSE:AON) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.15). The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.74 billion. AON had a return on equity of 252.81% and a net margin of 18.00%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company posted $2.76 earnings per share. As a group, analysts forecast that Aon plc will post 15.23 EPS for the current year.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.70 dividend on an annualized basis and a yield of 0.78%. AON’s dividend payout ratio is currently 21.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AON shares. Citigroup began coverage on AON in a research note on Wednesday, May 22nd. They set a “neutral” rating and a $309.00 price target on the stock. Piper Sandler upped their price target on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a research note on Monday, August 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $335.00 target price on shares of AON in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods raised AON from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $313.00 to $380.00 in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $337.27.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.